I just received this notice from GMAC who is one of the investors that we sell mortgages to.
"GMAC Bank (GMACB) Correspondent Funding Approved Correspondent Clients
please note that effective Tuesday, December 6, 2011, GMACB will no longer
accept new locks for properties located in the Commonwealth of Massachusetts.
This change is necessary due to the complexity of transacting business in an
increasingly difficult legal environment in Massachusetts."
GMAC's (aka Ally Bank) move appears to be in response to a lawsuit from Massachusetts Attoney General Martha Coakley sued GMAC and four other lenders for alledgedly illegal foreclosure practices. Here's a link to the story from Bloomberg. http://www.bloomberg.com/news/2011-12-05/ally-financial-apple-madoff-pfizer-jpmorgan-in-court-news.htmlReplyDelete
The mortgage Nashville companies offer a wide variety of mortgages to the borrowers to choose from in order to meet specific requirements of the mortgagors.ReplyDelete
You can expect substantial asset shields and high level of confidentiality from these trusts. In order to become an attractive investment destination, a jurisdiction may modify its laws from time to time so as to benefit foreign investors.ReplyDelete
How to Buy Property in Australia
It's one of the best facility provide by bank or finance company's.
Quick payday loans | 12 Month Cash Loans